Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,722 shares of the financial services provider’s stock after purchasing an additional 15,897 shares during the quarter. Cerity Partners LLC’s holdings in Apollo Global Management were worth $24,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management in the third quarter valued at $35,000. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management in the 2nd quarter worth about $35,000. Massmutual Trust Co. FSB ADV grew its position in Apollo Global Management by 293.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 346 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the third quarter valued at approximately $80,000. Finally, Mather Group LLC. boosted its position in shares of Apollo Global Management by 826.9% during the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after buying an additional 645 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BMO Capital Markets raised their target price on Apollo Global Management from $138.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Cowen increased their target price on shares of Apollo Global Management from $165.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $155.05.

Apollo Global Management Stock Up 1.5 %

Shares of Apollo Global Management stock opened at $167.56 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1 year low of $88.58 and a 1 year high of $169.58. The stock has a 50-day moving average price of $143.02 and a 200 day moving average price of $124.61. The company has a market cap of $94.81 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.70 and a beta of 1.59.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.